Pesa Portfolio – 22 May 2012
Below is a look at the Pesa Portolio after yesterday’s trading at the Nairobi Securities Exchange. Price (KES) Portfolio Value (KES) Share Market Segment Units Latest price Previous Price Current value Previous Value Mumias Sugar Company Manufacturing and allied 2,700 5.65…
Will Alternative Money Solve Our Many Problems?
Bernard Lietaer, ex-banker in Belgium and author of The Future of Money believes in alternative currencies. According to him, the design of money is the root of all that happens or doesn’t happen in society- that money is not really needed to solve the world problems, but it is…
Want to Know Your Net Worth?
A survey by Forbes Magazine of the richest people in Africa ranked Deputy Prime Minister Uhuru Kenyatta 26th with a net worth of $500 million, approximately KES 42,480,000,000. Business tycoon Chris Kirubi was ranked 31 with a net worth of $300 million, approximately KES 25,488,000,000. So,…
Was Your Car Cleared By KRA?
About 1,000 car owners in the country will soon be required to pay taxes or have their vehicles impounded by the tax authority for having evaded the tax system. In a statement to Nation, Kenya Revenue Authority Officials said that the vehicles passed through a faulty system when the authority…
Get a Piece of the Luxury Holiday Pie
Spend KES 500,000 for a week at the coast or KES 1.3 million to buy a luxury home at the coast. Enter fractional ownership.
For a fraction of the cost, you can now get a piece of the luxury home action.
Lower Pump Price Alternatives
The recent pump price reviews have seen the retail price for Super Petrol increase by KES 2.63 to retail at KES 121.13 while that of Diesel reduce minimally by 36 cents to retail at KES 108.44 in Nairobi. KenolKobil and National oil have come to rescue…
Forex Trail – 22 May 2012
The Kenya Shilling had a hard day at the office yesterday, losing against all of the currencies under our observation. The Kenya Shilling lost 0.1384% against the US Dollar and 1.842% versus the South Africa Rand. The Kenya Shilling also slipped against the Uganda and Tanzania Shillings and the Rwanda Franc in what was definitely a difficult day for the Kenya Shilling.
Stocks Watch – 22 May 2012
Stocks Watch – 22 May 2012 At the close of trading yesterday, the NSE 20-share index stood 9.79 points up (0.25%) at 3,708.88 points to continue its upward trend. Below are some of the counters we will be watching keenly in today’s trading: KCB: The share of East Africa’s number…
M-PESA Agent’s Withdrawal Rates V/S ATM’s Withdrawal Rates
M-PESA, Kenya’s leading money transfer service, has not only the widest network of agents country wide, but also more option’s when it comes to ATM withdrawal. M-PESA users have the option of withdrawing from the following ATM centers: PesaPoint ATM’s Equity Bank Branches ATM’s Diamond Trust…
ERC Doing Consumers More Harm Than Good?
Motorists queue for fuel at a petrol station. (Image: Capital FM) Ever since energy industry regulator Energy Regulatory Commission (ERC) took over price controls for fuel, the essential commodity has been on the high end of the cost list. On May 14th, the regulator increased the…
Uchumi Share on a Steady Rise
On Friday the Uchumi Supermarkets share closed at KES 18 per share. This is the highest level the share has reached in six years. During the six hour trading period, 708,800 shares worth KES 12.78 million were traded as the share increased by 4.1% and recorded the sixth highest increase…
Closing Bell – 21 May 2012
Safaricom was the day's biggest mover with 6.432 million shares of Eastern Africa's biggest telco traded. Scangroup was the day's biggest gainer, up 3.88% to close at KES 53.50 while Transcentury Limited lost 7.41% of its value to close at KES 25.
Kenya Airways To Boost Local Air Travel
A Kenya Airways Boeing 777-200ER. The airline has plans to increase its fleet for local and international operation. (Image: Aviationmecanicinfo.com) The national Carrier Kenya Airways is set to increase the up take of air travel when it opens its new projected routes around the country…
So You Think That Money is the Root of All Evil?
In the words of Ayn Rand, a Russian-American philosopher, playwright and screenwriter famed for the philosophical system of Objectivism: So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of…
Some Money Lessons From Harry Potter
You must have either watched, read or at least heard about the Harry Potter sequel and J.K. Rowling, the author of the novel. Reading between the lines one can pick out at least six financial lessons. Harry Potter is a money smart boy who…
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